Three Months Ended September 30,

Nine Months Ended September 30,

(In thousands except per share amounts)

2022

2021

2022

2021

Numerator:

Net income

$

102,948

$

189,308

$

408,232

$

582,809

Less: net income attributable to non-controlling interests

(61,822)

(109,605)

(238,065)

(331,596)

Net income attributable to Camping World Holdings, Inc. — basic

$

41,126

$

79,703

170,167

251,213

Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs

281

1,226

1,019

3,793

Net income attributable to Camping World Holdings, Inc. — diluted

$

41,407

$

80,929

$

171,186

$

255,006

Denominator:

Weighted-average shares of Class A common stock outstanding — basic

41,985

45,628

42,419

45,072

Dilutive options to purchase Class A common stock

53

138

62

157

Dilutive restricted stock units

467

1,256

466

1,204

Weighted-average shares of Class A common stock outstanding — diluted

42,505

47,022

42,947

46,433

Earnings per share of Class A common stock — basic

$

0.98

$

1.75

$

4.01

$

5.57

Earnings per share of Class A common stock — diluted

$

0.97

$

1.72

$

3.99

$

5.49

Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share of Class A common stock:

Restricted stock units

1,396

10

2,094

9

Common units of CWGS, LLC that are convertible into Class A common stock

42,045

42,635

42,045

43,731